Winding down a major US airline is a complicated business. Doing so when the president of the United States hints it could be saved adds another layer of complexity.
Wracked with financial trouble, Spirit Airlines had filed for bankruptcy for the second time in August 2025. Months later, the conflict with Iran had driven up fuel prices and made its financial position even more untenable, putting it on the brink of closure.
For weeks, Trump administration officials were in talks with the bargain airline on the possibility of a $500 million bailout package. The proposal would effectively give the government control of the overwhelming majority of Spirit’s shares.
President Donald Trump publicly suggested that he would be on board “if we can get it at the right price.”
“They have some good aircrafts, some good assets, and when the price of oil goes down, we’d sell it for a profit,” he told reporters in the Oval Office last month.
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